This Is The Best Description Of What The Jobs Report Means For Investors

Steven Englander, a currency analyst at Citi, has a great
explanation of what today's jobs report means for investors.
Basically, no narrative has changed. If you think that the easy
money parade will continue, then nothing from today's report
changed that.

So from an investor viewpoint, there is a very nonthreatening
run-up to the June 18 FOMC. There is no reason for the Fed to
change its narrative. Any investor who came into the labor market
release thinking that policy and markets rates would be on a slow
path to a low terminal level has no reason to change that view.
Carry trades get another month of life.